An active jobs market
This period of unrest has moved the Data and Analytics world to a much more business-led trade, with the number of jobs on offer in steep decline but the amount of available and engaged talent increasing day by day.
Ultimately, this means a much more competitive environment which, in turn, leads to stronger, more technologically equipped teams who derive from the crème de la crème of the talent pool – a phenomenon we haven’t seen since the 2008 recession.
As organizations vie against each other to nab the top talent, this has created a candidate pool which is not afraid to stick its head above the sand and develop their skills at rapid speed.
For those businesses who have assumed that the current pandemic will create a much more loyal, stable workforce, they need to be aware that this simply isn’t true. If anything, candidates are more ready than ever to climb the ladder.
And this is because employers in the Data and Analytics space are still hiring, with clients holding a desire to be able to understand their market and its future and, now more than ever because of the recession, it is a need not a want.
The insights the market offers not only allow its clients to forecast financial and industry predictions, but also gives them a deeper understanding of their own customer base, providing stronger and more agile working relationships.
Therefore, there’s no surprise that this turbulent time has led to most brands and businesses leaning on Data and Analytics to continue as normal, leading to a significantly less turbulent and uniquely active market.